Need to Rebalance the Portfolio - My Decision Making Process

25/07/2024 13 min Temporada 1 Episodio 58
Need to Rebalance the Portfolio - My Decision Making Process

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Episode Synopsis

Send us a textIn this episode, Paulina Roach discusses the decision-making process when faced with a losing position or opportunity. She emphasizes the importance of not being emotionally attached to the decision and instead making financially sound choices. Paulina outlines a step-by-step approach to decision-making, including identifying the decision, determining the desired outcome, exploring different options, and evaluating the pros and cons of each option. She also suggests rating the likelihood of each outcome and scaling them from highest to lowest to determine the best course of action. Paulina provides a real-life example of how she applied this process to her own portfolio.Chapters00:00 - Introduction04:07 - Understanding What 'Not Performing' Means06:25 - Exploring Different Options08:02 - Evaluating Pros and Cons10:00 - Rating Likelihood of Outcomes13:57 - ConclusionSupport the show